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  • G535 Vissf Binding Death Benefit Nomination Form 6indd

Get G535 Vissf Binding Death Benefit Nomination Form 6indd

Binding Death Benefit Nomination The Victorian Independent Schools Superannuation Fund (ABN 37 024 873 660, RSE Registration Number R1000436, MySuper Authorisation 37024873660599) Trustee: VIS Nominees.

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Disadvantage of a Binding Nomination The main disadvantage of a binding death benefit nomination is that there may be changes in your relationship between the time that you make the nomination and the time that you pass away.

Witnesses must be over the age of eighteen and be an impartial party who is not the designated death benefit nominee. The binding death benefit nomination is also only valid once the trustee receives the documentation.

A key rule for making a valid death benefit nomination is you must nominate one or more of your dependants under super law. Superannuation law considers a person to be your dependant if – at the time of your death – they were: Your spouse or de facto spouse, including same sex. One of your children of any age.

Binding death benefit nomination: This is a written direction from a member to their superannuation trustee setting out how they wish some or all of their superannuation death benefits to be distributed. The nomination is generally valid for a maximum of three years and lapses if it is not renewed.

For your binding nomination to be valid Your dependant(s) (see below for the definition of dependant), or. Your legal personal representative – the executor or Administrator of your Estate. You must sign and date the binding nomination form in the presence of two witnesses over the age of 18, who also sign the form.

A binding death benefit nomination can be challenged – but not because it's unfair or 'wrong'. A nomination can only be challenged on the basis of its validity.

If your beneficiary needs quick access to your benefit, a binding death benefit nomination may allow a more timely distribution of your assets and your beneficiary won't have to wait for the trustee or the deceased estate to determine the distribution.

A binding nomination can be provided to us by completing a beneficiary nomination form in the presence of two witnesses and is valid for three years. Depending on whether you hold a super or pension account you will need to complete either the super or pension beneficiary nomination form.

You cannot name just anybody in a Binding Nomination. A Binding Nomination can only be made in favour of your legal personal representative (ie your estate), your spouse, your children or someone who has an interdependency relationship with you.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232